Colton Groome Financial Advisors LLC Sells 736 Shares of Sysco Co. (NYSE:SYY)

Colton Groome Financial Advisors LLC lowered its position in Sysco Co. (NYSE:SYY) by 13.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,598 shares of the company’s stock after selling 736 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in Sysco were worth $336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Fidelis Capital Partners LLC bought a new position in shares of Sysco during the 4th quarter worth approximately $324,000. Calamos Advisors LLC lifted its position in shares of Sysco by 10.3% during the 4th quarter. Calamos Advisors LLC now owns 296,538 shares of the company’s stock worth $21,686,000 after buying an additional 27,727 shares during the period. Cambridge Trust Co. lifted its position in shares of Sysco by 5.2% during the 4th quarter. Cambridge Trust Co. now owns 7,842 shares of the company’s stock worth $573,000 after buying an additional 386 shares during the period. Federated Hermes Inc. lifted its position in shares of Sysco by 8.3% during the 4th quarter. Federated Hermes Inc. now owns 52,383 shares of the company’s stock worth $3,831,000 after buying an additional 4,035 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of Sysco by 6.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 45,783 shares of the company’s stock worth $3,348,000 after buying an additional 2,786 shares during the period. Institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SYY. Barclays raised their price target on Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. BMO Capital Markets raised their price target on Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Stephens raised their price target on Sysco from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. raised their price target on Sysco from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.38.

Sysco Trading Up 0.3 %

Shares of NYSE SYY traded up $0.21 during midday trading on Thursday, hitting $75.65. The stock had a trading volume of 2,184,831 shares, compared to its average volume of 2,936,375. The company’s 50-day simple moving average is $79.52 and its 200 day simple moving average is $74.23. The firm has a market cap of $37.66 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. Sysco Co. has a fifty-two week low of $62.24 and a fifty-two week high of $82.89. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.37 and a quick ratio of 0.80.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 30th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. The company had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.32 billion. Sysco had a return on equity of 105.22% and a net margin of 2.69%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.80 EPS. Research analysts anticipate that Sysco Co. will post 4.3 EPS for the current year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be issued a $0.50 dividend. The ex-dividend date is Thursday, April 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.64%. Sysco’s dividend payout ratio (DPR) is 48.90%.

Insider Activity

In related news, CAO Neil Russell sold 1,722 shares of Sysco stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $80.00, for a total value of $137,760.00. Following the sale, the chief accounting officer now owns 24,082 shares of the company’s stock, valued at $1,926,560. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Sysco Company Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.